17 Question * (3 Points) Bismite Corporation purchases trees from Cheney lumber and processes them up to the splitoff point where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October. Trees processed: 250 trees Production: paper 270,000 sheets pencil casings 270,000 Sales: paper 261,000 at $0.14 per page pencil casings 267,000 at 50.21 per casing The cost of purchasing 250 trees and processing them up to the splitoff point to yield 270,000 sheets of paper and 270,000 pencil casings is $18,750. Bismite's accounting department reported no beginning inventory Q. What is the cost of goods sold (COGS) (joint costs) for pencil casing? (put the final answer only) Enter your answer 18 Part 5 --- Answer questions (18-20) * (3 Points)